Wallet withdraws 4,827 ETH from Coinbase worth $11.5M, then price rebounds
- —4,827 ETH withdrawn from Coinbase on September 17 at 01:35
- —Withdrawal value was $11.52 million at $2,416.14 per ETH
- —The $2,358.88 low produced a paper loss of about $276,000
- —The holding purpose and sale plans were not disclosed
Why it matters: A single exchange withdrawal does not set a trend, but it shows large holders are buying ETH dips.
Source: TokenPost